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November 05, 2021
Pilot program for property tax reform has limited impact on rigid demand, but may adversely affect property sales
Hong Kong, 5 November 2021 — China Chengxin（Asia Pacific）Credit Ratings Co., Ltd. (“CCXAP”) believes that the pilot program for property tax reform has limited impact on rigid demand, but may adversely affect property sales in the near term. In the long run, we should pay more attention to the credit quality of property developers that have poor regional layout.